Verizon Communications annual operating margin
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Verizon Communications Operating Margin Growth & History (VZ)
Verizon Communications's operating margin was 21.17% for fiscal 2025.
View full Verizon Communications company overviewVerizon Communications annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 21.17% | −0.11 pp |
| 2024 | 2024-12-31 | 21.28% | +4.21 pp |
| 2023 | 2023-12-31 | 17.08% | −5.19 pp |
| 2022 | 2022-12-31 | 22.27% | −2.02 pp |
| 2021 | 2021-12-31 | 24.29% | +1.84 pp |
| 2020 | 2020-12-31 | 22.45% | −0.59 pp |
| 2019 | 2019-12-31 | 23.04% | +6.01 pp |
| 2018 | 2018-12-31 | 17.02% | −4.74 pp |
| 2017 | 2017-12-31 | 21.76% | −1.46 pp |
| 2016 | 2016-12-31 | 23.22% | −1.90 pp |
| 2015 | 2015-12-31 | 25.12% | +9.70 pp |
| 2014 | 2014-12-31 | 15.42% | −11.10 pp |
| 2013 | 2013-12-31 | 26.52% | +15.16 pp |
| 2012 | 2012-12-31 | 11.36% | −0.26 pp |
| 2011 | 2011-12-31 | 11.62% | −2.13 pp |
| 2010 | 2010-12-31 | 13.74% | −1.08 pp |
| 2009 | 2009-12-31 | 14.82% | +12.14 pp |
| 2008 | 2008-12-31 | 2.68% | −13.98 pp |
| 2007 | 2007-12-31 | 16.67% | — |
Verizon Communications quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 20.96% | −2.73 pp |
| Q1 2026 | 2026-03-31 | 23.93% | +0.11 pp |
| Q4 2025 | 2025-12-31 | 13.75% | −7.04 pp |
| Q3 2025 | 2025-09-30 | 23.96% | +6.18 pp |
| Q2 2025 | 2025-06-30 | 23.68% | −0.15 pp |
| Q1 2025 | 2025-03-31 | 23.83% | +1.02 pp |
| Q4 2024 | 2024-12-31 | 20.80% | +19.09 pp |
| Q3 2024 | 2024-09-30 | 17.78% | −4.64 pp |
| Q2 2024 | 2024-06-30 | 23.84% | +1.69 pp |
| Q1 2024 | 2024-03-31 | 22.80% | −0.24 pp |
| Q4 2023 | 2023-12-31 | 1.71% | −18.79 pp |
| Q3 2023 | 2023-09-30 | 22.42% | −0.64 pp |
| Q2 2023 | 2023-06-30 | 22.15% | −0.20 pp |
| Q1 2023 | 2023-03-31 | 23.04% | −0.19 pp |
| Q4 2022 | 2022-12-31 | 20.50% | −1.84 pp |
| Q3 2022 | 2022-09-30 | 23.05% | −4.00 pp |
| Q2 2022 | 2022-06-30 | 22.35% | −1.83 pp |
| Q1 2022 | 2022-03-31 | 23.23% | −0.41 pp |
| Q4 2021 | 2021-12-31 | 22.33% | +1.64 pp |
| Q3 2021 | 2021-09-30 | 27.05% | +2.71 pp |
| Q2 2021 | 2021-06-30 | 24.18% | +0.01 pp |
| Q1 2021 | 2021-03-31 | 23.64% | +2.83 pp |
| Q4 2020 | 2020-12-31 | 20.70% | +1.61 pp |
| Q3 2020 | 2020-09-30 | 24.34% | −0.53 pp |
| Q2 2020 | 2020-06-30 | 24.18% | −0.30 pp |
| Q1 2020 | 2020-03-31 | 20.81% | −3.18 pp |
| Q4 2019 | 2019-12-31 | 19.09% | +17.23 pp |
| Q3 2019 | 2019-09-30 | 24.87% | +1.33 pp |
| Q2 2019 | 2019-06-30 | 24.48% | +3.93 pp |
| Q1 2019 | 2019-03-31 | 23.99% | +0.86 pp |
| Q4 2018 | 2018-12-31 | 1.86% | −14.22 pp |
| Q3 2018 | 2018-09-30 | 23.54% | +1.51 pp |
| Q2 2018 | 2018-06-30 | 20.55% | −5.69 pp |
| Q1 2018 | 2018-03-31 | 23.13% | −0.22 pp |
| Q4 2017 | 2017-12-31 | 16.08% | −15.50 pp |
| Q3 2017 | 2017-09-30 | 22.03% | +0.89 pp |
| Q2 2017 | 2017-06-30 | 26.23% | +11.32 pp |
| Q1 2017 | 2017-03-31 | 23.35% | −1.34 pp |
| Q4 2016 | 2016-12-31 | 31.58% | +3.13 pp |
| Q3 2016 | 2016-09-30 | 21.14% | −1.58 pp |
| Q2 2016 | 2016-06-30 | 14.92% | −9.36 pp |
| Q1 2016 | 2016-03-31 | 24.69% | −0.20 pp |
| Q4 2015 | 2015-12-31 | 28.45% | +34.88 pp |
| Q3 2015 | 2015-09-30 | 22.72% | +0.91 pp |
| Q2 2015 | 2015-06-30 | 24.27% | −0.14 pp |
| Q1 2015 | 2015-03-31 | 24.89% | +1.65 pp |
| Q4 2014 | 2014-12-31 | −6.44% | −45.27 pp |
| Q3 2014 | 2014-09-30 | 21.81% | −1.73 pp |
| Q2 2014 | 2014-06-30 | 24.41% | +2.40 pp |
| Q1 2014 | 2014-03-31 | 23.23% | +2.08 pp |
| Q4 2013 | 2013-12-31 | 38.83% | +49.38 pp |
| Q3 2013 | 2013-09-30 | 23.54% | +4.64 pp |
| Q2 2013 | 2013-06-30 | 22.01% | +2.22 pp |
| Q1 2013 | 2013-03-31 | 21.15% | +2.75 pp |
| Q4 2012 | 2012-12-31 | −10.55% | −6.64 pp |
| Q3 2012 | 2012-09-30 | 18.90% | +2.25 pp |
| Q2 2012 | 2012-06-30 | 19.79% | +2.03 pp |
| Q1 2012 | 2012-03-31 | 18.39% | +1.90 pp |
| Q4 2011 | 2011-12-31 | −3.91% | −28.20 pp |
| Q3 2011 | 2011-09-30 | 16.65% | +3.87 pp |
| Q2 2011 | 2011-06-30 | 17.77% | +16.23 pp |
| Q1 2011 | 2011-03-31 | 16.50% | −0.00 pp |
| Q4 2010 | 2010-12-31 | 24.29% | +13.66 pp |
| Q3 2010 | 2010-09-30 | 12.77% | −1.85 pp |
| Q2 2010 | 2010-06-30 | 1.53% | −14.92 pp |
| Q1 2010 | 2010-03-31 | 16.50% | −1.15 pp |
| Q4 2009 | 2009-12-31 | 10.63% | −6.23 pp |
| Q3 2009 | 2009-09-30 | 14.62% | −4.22 pp |
| Q2 2009 | 2009-06-30 | 16.45% | — |
| Q1 2009 | 2009-03-31 | 17.65% | — |
| Q3 2008 | 2008-09-30 | 16.86% | — |
| Q2 2008 | 2008-06-30 | 18.84% | — |
Verizon Communications operating margin trends
Over the last five reported fiscal years, Verizon Communications's operating margin decreased from 22.45% to 21.17%, a change of −1.27 percentage points. The latest reported quarter, Q2 2026, shows 20.96%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Verizon Communications filings at SEC.gov ↗